GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 18 Oct 2019, 04:10

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

In a certain fund, 40 percent of the money is invested in stocks, and

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Find Similar Topics 
Senior PS Moderator
User avatar
V
Joined: 26 Feb 2016
Posts: 3332
Location: India
GPA: 3.12
In a certain fund, 40 percent of the money is invested in stocks, and  [#permalink]

Show Tags

New post 23 Oct 2018, 13:19
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

96% (01:35) correct 4% (04:06) wrong based on 33 sessions

HideShow timer Statistics

In a certain fund, 40 percent of the money is invested in stocks, and of that portion,
20 percent is invested in preferred stocks. If the mutual fund has $576 invested in
preferred stocks, what is the total amount of money invested in the fund?

A. $960
B. $1440
C. $2880
D. $4608
E. $7200

_________________
You've got what it takes, but it will take everything you've got
Director
Director
User avatar
G
Joined: 20 Feb 2015
Posts: 762
Concentration: Strategy, General Management
Re: In a certain fund, 40 percent of the money is invested in stocks, and  [#permalink]

Show Tags

New post 23 Oct 2018, 23:20
pushpitkc wrote:
In a certain fund, 40 percent of the money is invested in stocks, and of that portion,
20 percent is invested in preferred stocks. If the mutual fund has $576 invested in
preferred stocks, what is the total amount of money invested in the fund?

A. $960
B. $1440
C. $2880
D. $4608
E. $7200



Let the total money be x
.4x = in stocks
.2(.4x) = 576
.08x = 576
x = 57600/8 = 7200
E
Board of Directors
User avatar
D
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4771
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User
Re: In a certain fund, 40 percent of the money is invested in stocks, and  [#permalink]

Show Tags

New post 23 Oct 2018, 23:36
pushpitkc wrote:
In a certain fund, 40 percent of the money is invested in stocks, and of that portion,
20 percent is invested in preferred stocks. If the mutual fund has $576 invested in
preferred stocks, what is the total amount of money invested in the fund?

A. $960
B. $1440
C. $2880
D. $4608
E. $7200

Let total fund be 100

Amount invested in Stocks = 40
Amount invested in Preferred Stocks is 20% of 40 = 8

So, Value of Total Investments is \(\frac{576}{8}*100 = 7200\), Answer must be (E)
_________________
Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )
GMAT Club Bot
Re: In a certain fund, 40 percent of the money is invested in stocks, and   [#permalink] 23 Oct 2018, 23:36
Display posts from previous: Sort by

In a certain fund, 40 percent of the money is invested in stocks, and

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  





Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne